Bloomberg News

UBS Said to Appoint Mahmoud Abdulhadi as CEO in Saudi Arabia

January 31, 2012

Jan. 31 (Bloomberg) -- UBS AG, Switzerland’s biggest bank, appointed Mahmoud Abdulhadi as chief executive officer in Saudi Arabia.

Abdulhadi will replace Mohamed Sammakia, who will return to London after being in Saudi Arabia for three years, according to an internal memo obtained by Bloomberg News. A spokesman for the bank confirmed the appointment.

Abdulhadi will report to Tony Iliya, group chief executive for the Middle East and North Africa.

To contact the reporter on this story: Stefania Bianchi in Dubai at

To contact the editor responsible for this story: Shaji Mathew at

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